Questions & Answers about Það er langt síðan dyrasíminn virkaði svona vel.
It is a very common Icelandic time expression meaning It has been a long time since ...
So:
Það er langt síðan dyrasíminn virkaði svona vel.
means the same idea as It’s been a long time since the intercom worked this well.
Grammatically, the pattern is:
Það er langt síðan + past clause
You should learn það er langt síðan as a set phrase, because it does not translate word-for-word in a perfectly natural way.
Here það is a dummy or expletive subject, like English it in sentences such as It is raining or It has been a long time.
It does not point to a specific thing. Icelandic often uses það in this kind of impersonal expression just because the sentence needs a grammatical subject.
So in this sentence, það is there for structure, not for concrete meaning.